Bicycle Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Report Code: ZMR-222 | Report Format : | Status : Upcoming |

Abstract

A bicycle is a pedal-driven and single-track vehicle. It is an imperishable type of transport. Bicycles are environment-friendly. They are available at affordable prices and are healthy as well. It is a convenient mode of transport as compared to the petrol and diesel engines, which are the leading cause of environmental pollution. In certain regions, the bicycle is a primary means of transportation.

On the basis of design, the global bicycle market is segmented as racing bicycles, fixed gear bicycles, touring cycles, and cruisers. Fundamental changes have been implemented respectively to the design and application of the bicycle in order to meet the need of rising demand. They offer a well-liked form of leisure and have been modified for the use as children's toys, military and police applications, courier services, and bicycle racing. The mountain bikes and hybrid bikes are dominating the market by serving the consumers who love to ride in terrain areas and also the working professionals who prefer taking a ride to workplace for short distance. On the basis of various types, the bicycle market is further segmented as the adult bicycle, kids bicycle, and sports type. Based on the technology used, the global market is segmented as human pedaled bicycle and electric bicycle.

Owing to the consumer’s health consciousness and fit lifestyle, the global bicycle market is anticipated to witness high growth in the near future. The increasing craze of adventurous biking has boosted the demand for the mountain bikes. Due to population awareness globally, people are taking initiatives for using bicycles for their day-to-day routine. The key factors driving the growth of global bicycle market are its environment-friendly utilization, availability at affordable prices, congested roads, and less parking space. Conversely, rising requirement of vehicles that are driven by fuel has negatively impacted the growth of the bicycle market.

North America and Europe are expected to witness high growth owing to the setup of public bicycle rental programs and high demand in these countries. Asia Pacific is anticipated to be the largest market for bicycle North America and Europe. Germany is the largest market of bicycles in Europe, whereas, in Asia pacific, China has the largest market. India and Japan are also making their effective growth in the market.

Some of the leading companies dominating the global bicycle market include Atlas Cycles Ltd., Accell Group N.V., Bell Sports Corporation, Caloi Inc., Avon Cycles Ltd., Cannondale Bicycle Corporation, Campagnolo S.r.l, Currie Technologies Inc., Cycleurope AB, Hamilton Industries Ltd., Giant Bicycle Inc., and Derby Cycle Corporation. Other major players influencing the global market are Shimano Giant Manufacturing Co. Ltd., BSA, Fuji, La Sovereign, Hercules, Hero Cycles, Bianchi, Dorel Industries, and Merida Industry Co. Ltd.

Bicycle Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany 
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Related Reports

Advanced Automotive Materials Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1745 | Report Format:

Global Advanced Automotive Materials Market: Overview The basic functionality of using the advanced automotive materials market is to minimize the weight of the vehicle. By reducing the overall weight of the vehicle further, helps in increasing the fuel efficiency and thereby limiting the carbon...Read More

Spark Plugs Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1727 | Report Format:

Global Spark Plugs Market: Overview A spark plug generates an electric current from the ignition system to the combustion chamber of a spark-ignition engine by electric spark; it creates suitable combustion pressure within the engine to ignite the compressed fuel. Spark plug consists of a metal ...Read More

Automotive Fog Lights Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1686 | Report Format:

Global Automotive Fog Lights Market: Overview Severe climatic conditions such as heavy rains or the darkness due to fog reduce the visibility; in these situations, automotive fog lights are used. Fog lights and the driving lights are two different things. To provide the clear view of the roads i...Read More

Fire Trucks Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1678 | Report Format:

Global Fire Trucks Market: Overview Fire trucks are vehicles designed for firefighting operations. They are also used for other applications such as emergency medical purposes and rescue purposes by the fire and safety companies. These vehicles are useful to transport the firefighters to the sit...Read More

Automotive Engine Bearings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Price : $ 3599.00 | Report Code: ZMR-1598 | Report Format:

Global Automotive Engine Bearings Market: Overview The engine bearing is a plain bearing or a journal on which the rotation of the crankshaft is possible within an automobile internal combustion engine. The main responsibility of the bearing is to cling to the crankshaft in the current position ...Read More

Choose License Type: